Oil service company Senergy Group, of Aberdeen, has unveiled its fourth acquisition of 2008.
It revealed yesterday it had bought the consulting and technology businesses of Northumberland-based renewable-energy specialist Econnect Group for an undisclosed sum.
The deal includes Econnect’s overseas interests and activities in Ireland, Australia and New Zealand.
Senergy’s alternative-energy managing director, Nial McCollam, said that the Econnect acquisition was an excellent strategic fit with the north-east company’s aim of building a global, diversified energy service business.
A 50-strong team from Econnect, including founder Guy Nicholson, will form a subsidiary of Senergy.
The Aberdeen group was created in January 2005 from the merger of subsurface and field-development consultant Reservoir Management and well-construction and project-management firm Xcavo.
Senergy delivers consultancy and operational services to more than 100 energy-sector firms worldwide.
It has expanded rapidly in a short time and now employs about 330 specialist consultants
Last year, it acquired Banchory-based consultant Production Geoscience (PGL) for an undisclosed sum and two other key buyouts – Floyd and Associates and Isis Energy – have followed in this year. Then, just two months ago, Senergy announced its acquisition of Leading Edge Advantage (LEA), a well-engineering consultant specialising in advanced drilling techniques, for an undisclosed sum.
At the time, Senergy said LEA would complement its expertise in wellbore and well performance.
Senergy’s operations are organised into five divisions: oil and gas, alternative energy, investments, technology, and survey and geo-engineering.
The group has UK offices in Aberdeen, Alford, Banchory, Guildford and London.
Overseas, the company operates from offices in Abu Dhabi, in the Middle East; Kuala Lumpur, in Malaysia; Perth, Australia and Stavanger, in Norway.